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KBA vs MCHI

KraneShares Bosera MSCI China A 50 Connect Index ETF

KBAANYSE Arca

iShares MSCI China ETF

MCHIANasdaq

Overlap

Expense ratio

KBA −0.03pt a year

KBA0.56%MCHI0.59%

Avg volume · 30D

MCHI 76.7×the volume

KBA29.2KMCHI2.24M

10Y return · a year

KBA +4.4pt

KBA+6.7%MCHI+2.3%

KBA vs MCHI Performance

Oct 29, 2021 – Oct 30, 2026

+9.0%KBA−20.6%MCHI

Oct 29, 2021 to Oct 30, 2026. KBA +9.0%. MCHI −20.6%. Use the arrow keys to read each point.−40%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
KBA 0.56%, better
MCHI 0.59%
Fund size
KBA $105M
MCHI $5.49B
1Y total return
KBA −5.5%, better
MCHI −21.3%
Yield (12M)
KBA 1.71%
MCHI 2.23%, better
Holdings
KBA 52
MCHI 581
Avg volume (30D)
KBA 29.2K sh
MCHI 2.24M sh, better
NAV per share
KBA $28.35
MCHI $48.89
52W range

ETF.net Grade

KBA: Cost 86, Risk 76, Mission 83, Tradability 51, Holdings 61, Durability 60. MCHI: Cost 78, Risk 62, Mission 87, Tradability 88, Holdings 58, Durability 91.
Pillar letters and Scores for KBA, MCHI, with each pillar’s weight
PillarKBAMCHI
Cost30% weightA86HigherA78
Mission25% weightA83A87Higher
Risk15% weightA76HigherB62
Tradability15% weightC51A88Higher
Holdings10% weightB61HigherB58
Durability5% weightB60A91Higher

Rank among China funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. KBA and MCHI are both graded against the same 28 China funds, so their Grades compare head to head.

China⁠

Category · 28 funds
See all 28 ›

MCHI ranks 3rd and KBA 5th of 28 funds in the China Category.

  1. Rank 1ACXSEWisdomTree China ex-State-Owned Enterprises FundScore 81
  2. Rank 2AFLCHFranklin FTSE China ETFScore 80
  3. Rank 3AMCHIiShares MSCI China ETFScore 77
  4. Rank 4AGXCState Street SPDR S&P China ETFScore 76
  5. Rank 5AKBAKraneShares Bosera MSCI China A 50 Connect Index ETFScore 74
  6. Rank 6AASHRXtrackers Harvest CSI 300 China A-Shares ETFScore 73

Our read on each fund

ETF.net Research

KBAAKraneShares Bosera MSCI China A 50 Connect Index ETF

MCHIAiShares MSCI China ETF

In short

KBA The first US-listed ETF built on an MSCI China A-share index, running since 2014. It owns mainland Shanghai and Shenzhen stocks through Stock Connect rather than Hong Kong listings or ADRs.

MCHI The default one-ticker way to own China. MCHI has tracked the MSCI China Index since 2011, holding roughly 600 stocks open to international investors, and it stays actively traded.

Stated mandate

KBA The fund tracks the MSCI China A 50 Connect Index, which represents 50 large-cap Chinese A-shares listed in Shanghai and Shenzhen and accessible through Stock Connect.

MCHI The fund seeks to track an index of Chinese equities available to international investors.

Why people hold it

  • KBA Most US-listed China funds hold Hong Kong shares and ADRs. This one buys the onshore market itself: 50 large A-shares in Shanghai and Shenzhen, accessed via Stock Connect.kraneshares.com
  • The index takes the 50 largest A-shares but keeps at least two stocks per sector and matches the parent MSCI China A Index's sector weights, curbing the usual financials pile-up.msci.commsci.com 2
  • 0.56% net of a contractual waiver through August 1, 2028 (0.79% gross), below the median fee among the 30 China funds we grade.kraneshares.com
  • Live since March 2014 via a KraneShares and Bosera partnership, and it tracks its index closely. One of the stronger implementations in the China peer group.kraneshares.com
  • MCHI One ticker, roughly 600 Chinese stocks. Instead of picking among share classes and listings, you get the MSCI China Index (Net) in a single line item.ishares.com
  • 0.59% expense ratio, below the middle of the single-country China pack, and the fund has hewed closely to its stated index mandate.
  • Running since 2011 and now a multi-billion-dollar fund that trades actively, which is why it turns up as the reference China holding in so many portfolios.
  • One of the stronger implementations in its peer group on tradability and staying power, both scored in the top tier of the China cohort.

Worth knowing

  • KBA Thinly traded next to the big offshore China funds, so spreads can widen. Limit orders matter, especially since US hours do not overlap mainland trading.
  • FLCH (0.19%) and CXSE (0.32%) charge less, but they hold offshore China shares, a different market with different companies.
  • Fifty mega caps only: no small or mid caps, and distributions come once or twice a year rather than quarterly.
  • MCHI Cheaper broad-China options exist: FLCH charges 0.19% and JPMorgan's active JCHI 0.15%. You are paying up for MCHI's depth and liquidity.
  • Single-country equity risk, undiluted. Chinese regulation, currency and policy swings hit the whole basket at once, and the index leans heavily on its biggest names.
  • Distributions come once or twice a year, not monthly, so cash flow arrives in lumps.

Full KBA profile⁠

Full MCHI profile⁠

KBA vs MCHI Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KBA vs MCHI Cost

Overpaying MCHI vs KBA

$547

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KBA 0.56%

    $11,088

  • MCHI 0.59%

    $11,635

$10,000
30 years

Cost over time

  • KBA 0.56%
  • MCHI 0.59%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530MCHI $11,635KBA $11,088

Year by year

YearKBAMCHIOverpaying
10$1,006$1,058$52
20$3,855$4,051$196
30$11,088$11,635$547

Expense ratio

  • 0.56%KBA, cheaper
  • 0.59%MCHI
  • Middle half of China funds
  • Median 0.65%

KBA 4th cheapest of 28 funds

MCHI 5th cheapest of 28 funds

KBA vs MCHI Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
KBA 1.71%
MCHI 2.23%, better
Payout (12M)
KBA $0.48
MCHI $1.10
Last payment
KBA $0.48
MCHI $0.36
Ex-dividend
KBA Dec 22, 2025
MCHI Jun 15, 2026
Paid on
KBA Dec 23, 2025
MCHI Jun 18, 2026
Frequency
KBA Annual
MCHI Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

KBAAnnual · 10 paymentsAll KBA payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.34; Dec 26, 2018 $0.92; Dec 27, 2019 $0.50; Dec 29, 2020 $0.30; Dec 29, 2021 $3.94; Dec 14, 2022 $6.25; Dec 28, 2022 $6.25; Dec 18, 2023 $0.48; Dec 17, 2024 $0.51; Dec 22, 2025 $0.48. Use the arrow keys to read each point.$0$52017202020232026YTD
MCHITwice a year · 19 paymentsAll MCHI payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.19; Dec 19, 2017 $0.85; Jun 19, 2018 $0.32; Dec 18, 2018 $0.53; Jun 17, 2019 $0.36; Dec 16, 2019 $0.57; Jun 15, 2020 $0.24; Dec 14, 2020 $0.60; Jun 10, 2021 $0.18; Dec 13, 2021 $0.48; Jun 9, 2022 $0.31; Dec 13, 2022 $0.71; Jun 7, 2023 $0.43; Dec 20, 2023 $0.99; Jun 11, 2024 $0.19; Dec 17, 2024 $0.89; Jun 16, 2025 $0.54; Dec 16, 2025 $0.74; Jun 15, 2026 $0.36. Use the arrow keys to read each point.$0$52017202020232026YTD

KBA vs MCHI Risk

Fall from peak · 5 years

  • KBA
  • MCHI
Oct 29, 2021 to Oct 30, 2026. Worst fall: MCHI −49.2% · Oct 2022. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
KBA 19.2%, betterMCHI 21.2%
Return per unit of riskSharpe ratio, 3 years
KBA 0.43, betterMCHI 0.26
Worst fallMax drawdown, 5 years
KBA −39.7%, betterMCHI −49.2%
Market sensitivityBeta, 5 years
KBA 0.68MCHI 0.63

KBA and MCHI in the news

All news⁠

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